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Trade Using VSA (Volume Spread Analysis)

  • #5,981
  • Mar 21, 2010 3:16pm Mar 21, 2010 3:16pm
hi,

there is huge volume on narrow up bar, then a rise and sideaway...

what do you think about it ?
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  • #5,982
  • Mar 21, 2010 3:57pm Mar 21, 2010 3:57pm
Quoting bruceli
hi,

there is huge volume on narrow up bar, then a rise and sideaway...

what do you think about it ?
vsa is not just one bar

I have highlighted this chart

we had clear test of breakout with test and stopping vol on 15 min

Then price moved up to that high volume candle you picked up , this was supply hitting the market. The fact that the next candle down was down bar narrow spread on high vol shows sellers were absorbed,. Then the third candle in the series was a green up candle on ultra high vol , going higher than the supply candle was a break out play by the pros

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Blogging daily now at www.volume.zone
  • #5,983
  • Mar 21, 2010 4:01pm Mar 21, 2010 4:01pm
Quoting rivnile
yes you might not as good as tom williams,but the way you explain vsa with candle charts that makes more sense than bar charts and the better volume indicator is suffecient enough.....
and you know !!! you are far better instructor than gavin!!!

The ONLY downfall of TG , which is a good software as a learning tool , is its limited capacity.

The add on for esignal is pretty good and allows something like trade guider to be incorporated into better charting software,

Gavin is a good guy , but more of the marketing guru at tradeguider. Sabastian seems to be the trader over there , but we do not see much mentoring from him

BUT if you want to invest in your education as a trader I would suggest signing up for the vsa club. I think there is a deal right now of $48 per month for archives and chart pf week etc but not live trading session.

disclaimer. I have no ties with tradeguider at all..
Blogging daily now at www.volume.zone
  • #5,984
  • Mar 21, 2010 4:08pm Mar 21, 2010 4:08pm
anybody knows what happened at 2008-10/20 ?
cause, i see 2000 pip down move in a week..
  • #5,985
  • Mar 21, 2010 4:55pm Mar 21, 2010 4:55pm
Quoting malcolmb14
vsa is not just one bar

I have highlighted this chart

we had clear test of breakout with test and stopping vol on 15 min

Then price moved up to that high volume candle you picked up , this was supply hitting the market. The fact that the next candle down was down bar narrow spread on high vol shows sellers were absorbed,. Then the third candle in the series was a green up candle on ultra high vol , going higher than the supply candle was a break out play by the pros

Attachment
thanks a lot malcolmb...
  • #5,986
  • Mar 21, 2010 4:56pm Mar 21, 2010 4:56pm
Quoting malcolmb14
vsa is not just one bar

I have highlighted this chart

we had clear test of breakout with test and stopping vol on 15 min

Then price moved up to that high volume candle you picked up , this was supply hitting the market. The fact that the next candle down was down bar narrow spread on high vol shows sellers were absorbed,. Then the third candle in the series was a green up candle on ultra high vol , going higher than the supply candle was a break out play by the pros

Attachment
Nicely explained mal. One question, for the no demand bar, should the volume be less than the average or would it count if its less than the previous two bars but overall high?
  • #5,987
  • Mar 21, 2010 5:22pm Mar 21, 2010 5:22pm
Quoting akkubhai
Nicely explained mal. One question, for the no demand bar, should the volume be less than the average or would it count if its less than the previous two bars but overall high?
better if less than average ... it is a better set up

BUT if we are near a point of supply TG often picks this up as lower than prior 5 bars only
Blogging daily now at www.volume.zone
  • #5,988
  • Mar 21, 2010 5:52pm Mar 21, 2010 5:52pm
hi Malc, would it be possible to get a screenshot of a 5 minute chart on your esignal feed w/ the tg plugin?
thanks
  • #5,989
  • Mar 21, 2010 6:07pm Mar 21, 2010 6:07pm
Quoting rogerdoger
hi Malc, would it be possible to get a screenshot of a 5 minute chart on your esignal feed w/ the tg plugin?
thanks
canceled mine , tried it for 1 month. It was ok , but buggy as it was 1st release . I have version 4.0 also so do not need tg add on
Blogging daily now at www.volume.zone
  • #5,990
  • Mar 21, 2010 6:10pm Mar 21, 2010 6:10pm
Quoting malcolmb14
canceled mine , tried it for 1 month. It was ok , but buggy as it was 1st release . I have version 4.0 also so do not need tg add on
could i please see a screenshot of a 5m tg chart then? am going to take the plunge this week
  • #5,991
  • Mar 21, 2010 6:29pm Mar 21, 2010 6:29pm
Quoting rogerdoger
could i please see a screenshot of a 5m tg chart then? am going to take the plunge this week

lol you should be asking for 30 min

study vsa a little more .. then take plunge ...lol
Blogging daily now at www.volume.zone
  • #5,992
  • Mar 21, 2010 6:36pm Mar 21, 2010 6:36pm
Quoting malcolmb14
lol you should be asking for 30 min

study vsa a little more .. then take plunge ...lol
hehe im looking for something very specific that ties in with a scalping strategy that i'm using, so not 100% vsa at all... if this helps me save 1 or 2 losses a day then it'll be completely worth it
  • #5,993
  • Mar 21, 2010 7:21pm Mar 21, 2010 7:21pm
Quoting rogerdoger
hehe im looking for something very specific that ties in with a scalping strategy that i'm using, so not 100% vsa at all... if this helps me save 1 or 2 losses a day then it'll be completely worth it
to be honest if you are not basing your technique on vsa then do not buy tg at 5 k

if you are scalping look to higher time frame like 60 min and then sclp in direction of pros movement
Blogging daily now at www.volume.zone
  • #5,994
  • Mar 21, 2010 7:54pm Mar 21, 2010 7:54pm
I wonder how the markets are going to react to this health bill. I can see the next US open having some wild volume. Cant wait untill the next session. Asia is closed tonight so it will be interesting to see how London enters the markets.

Keep up the great comments and posts on this thread, it is a great read.
  • #5,995
  • Mar 21, 2010 7:57pm Mar 21, 2010 7:57pm
Quoting Sonofsin5
I wonder how the markets are going to react to this health bill. I can see the next US open having some wild volume. Cant wait untill the next session. Asia is closed tonight so it will be interesting to see how London enters the markets.

Keep up the great comments and posts on this thread, it is a great read.
es dropped almost 10 points at sunday open ... and dj looked very toppy last week

100mill.... is this good or bad ? really just a drop in the bucket for the us.
Blogging daily now at www.volume.zone
  • #5,996
  • Mar 21, 2010 9:16pm Mar 21, 2010 9:16pm
Quoting malcolmb14
es dropped almost 10 points at sunday open ... and dj looked very toppy last week

100mill.... is this good or bad ? really just a drop in the bucket for the us.
I should have been more specific in my post. I was referring to the US Stock market open at 6:30 am pst.
  • #5,997
  • Mar 21, 2010 9:21pm Mar 21, 2010 9:21pm
For sale.

Tradeguider RT V4.0. This is the latest real time version. price 3k. pm me if interested.
  • #5,998
  • Mar 21, 2010 10:24pm Mar 21, 2010 10:24pm
Quoting bruceli
anybody knows what happened at 2008-10/20 ?
cause, i see 2000 pip down move in a week..
Lehman bankuptcy and general financial meltdown that started the recession, aka the "once in a century event" per Alan Greenspan. The 2000 pip moves down were actually in one SESSION, not week (on GY at least). I remember watching it as it happened; pretty wild stuff.

That same night, S&P futures were limit down, and there was talk before the DOW open of suspending trading entirely for the day. The rest is history of course...
  • #5,999
  • Mar 21, 2010 11:49pm Mar 21, 2010 11:49pm
Guys, does anyone use FxPro volume?... I don't have eSignal feed and I was wondering how close is FxPro's volume to that on different TF's? I really appreciate any comment on this.
  • #6,000
  • Mar 22, 2010 2:35am Mar 22, 2010 2:35am
It's said that InterbankFX volume is the most close to that of esignal. Who knows? I use FXDD. I think so far so good.

Quoting Fusion
Guys, does anyone use FxPro volume?... I don't have eSignal feed and I was wondering how close is FxPro's volume to that on different TF's? I really appreciate any comment on this.
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